Category: Business and Economics

Effect of Transactions

The purpose of this assignment is to help you become familiar with examining transactions and how it affects the balance sheet.

Assignment Steps

Resources: Financial Accounting: Tools for Business Decision Making

Write a minimum 150-word response to each of the following scenarios from Exercise E3-1 in Financial Accounting (p. 132) describing the effect of each transaction on assets, liabilities, and stockholder’s equity:

Selected transactions for Thyme Advertising Company, Inc.

Issued common stock to investors in exchange for cash received from investors.

Paid monthly rent.

Received cash from customers when service was performed.

Billed customers for services performed.

Paid dividend to stockholders.

Incurred advertising expense on account.

Received cash from customers billed in (4).

Purchased additional equipment for cash.

Purchased equipment on account

Week 2 Project

You will discuss the CMS payment system. Summarize your understanding of this payment system. Include an overview of CPT, ICD, and HCPCS by discussing the differences between them in your post. Your entire initial paper should be between 300-400 words. Use the Green & Rowell text and visit the AHIMA (American Health Information Management Association) site to find information and links that will help you explain the CMS payment system.



Also, answer the following:


  1. What payment methodologies does the CMS use?


  1. How do CPT, ICD, and HCPCS codes differ?


Include at least one reference and citation using APA 6th edition format.